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Bloomberg
Telegram CEO’s French Travel Ban Fully Lifted By Investigators
Telegram billionaire Chief Executive Officer Pavel Durov’s travel ban has been fully lifted by French authorities investigating him over his messaging platform.
Bloomberg
Tencent Posts 15% Revenue Jump, Sustaining Growth Without Splashy AI Bets
Tencent Holdings Ltd. posted a faster-than-anticipated 15% rise in revenue, sustaining the steady growth that’s helped the social media leader attract investors despite eschewing splashy investments in AI infrastructure.
SCMP
Meta Platforms’ AI lay-offs triggered by resource competition: ex-researcher
A former research scientist at Meta Platforms, Tian Yuandong, has shed some light on the US social media giant’s restructuring of its artificial intelligence team, while casting doubt on traditional scaling laws used in AI model development.
In an interview on the Chinese video channel Silicon Valley 101 broadcast on Wednesday, Tian – previously research scientist director at Meta FAIR, the Facebook parent’s legacy Fundamental AI Research team – said limited computing resources had triggered...
PYMNTS.com
LeCun's Exit Deals a Blow to Meta's AI Ambitions Amid Cost Pressures | PYMNTS.com
... artificial intelligence, Big Tech, funding, Meta, News, personnel, PYMNTS News, startups. Paystand Acquires Bitwage to Promote Stablecoin Payments.
Bloomberg
WhatsApp Set to Face Stricter Content Moderation Rules in the EU
Meta Platforms Inc.’s messaging service WhatsApp will face stricter rules under the European Union’s content moderation rulebook, as the bloc increases scrutiny of social media.
NBC News
'Wicked' director discusses 'poisonous' use of AI online
... Wicked" director Jon M. Chu tells Kristen Welker on "Meet the Press" he's worried about AI's impact on creativity on social media ... NBC News Sitemap...
The Verge
Tinder's AI can find better matches by scanning your camera roll | The Verge
Jess started her career at TechRadar, covering news and hardware reviews. Tinder is testing an AI-powered “Chemistry” feature that learns about...
TechCrunch
Meta brings its short-form video feed of AI slop to Europe - TechCrunch
... AI slop — a term meaning low-quality AI content. Meta's debut of ... Aisha is a consumer news reporter at TechCrunch. Prior to joining the...
CNBC
Snap stock jumps 9% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
CNBC
Meta reportedly projected 10% of 2024 sales came from scam, fraud ads
Meta projected that about $16 billion in 2024 revenue came from running ads for scams and banned goods, according to a Thursday report from Reuters.
CNBC
Snap stock jumps 10% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Bloomberg
Social Media Giants Must Stand Trial on Addiction Claims
Meta Platforms Inc., ByteDance Ltd., Alphabet Inc. and Snap Inc. must face trial over claims that they designed social media platforms to addict youths, a judge ruled, clearing the way for the first of thousands of cases to be presented to juries.
Reuters
Snap tops revenue estimate and unveils $400 million deal with Perplexity AI, shares jump
The integration will offer verifiable answers to users' questions within the Snapchat app. Get a daily digest of breaking business news straight to...
CNBC
Snap stock surges 13% after announcing Perplexity AI deal, reporting strong revenue
Perplexity will integrate its AI-powered search engine directly into the Snapchat app.
Bloomberg
Snap Cuts Deal With Perplexity to Gain a Piece of the AI Action
Welcome to Tech In Depth, our daily newsletter about the business of tech from Bloomberg’s journalists around the world. Today, Kurt Wagner reports on Snap’s big move in the world of artificial intelligence.
PYMNTS.com
Meta Investors 'Losing Patience' With AI Spending | PYMNTS.com
... AI's Banking Presence. See More In: artificial intelligence, Meta, Metaverse, News, PYMNTS News, Stocks, Technology, What's Hot. United Airlines...
TechCrunch
Pinterest CEO touts open source AI: 'tremendous performance' with reduced costs
The news sent the stock tumbling by more than 21% on Wednesday. Despite ... Shopify says AI traffic is up 7x since January, AI-driven orders are up 11x.
CNBC
Snap shares rocket 15% on strong forecast, $400 million Perplexity deal
Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup's search features into Snapchat in 2026, Snap said.
CNBC
Snap shares rocket 25% on strong forecast, $400 million Perplexity deal
Perplexity AI will pay the social media company $400 million over 1 year to integrate the AI startup's search features into Snapchat in 2026, Snap said.
Bloomberg
Snap Shares Surge on $400 Million Perplexity AI Deal
Snap Inc. shares surged after the company announced a $400 million partnership with Perplexity AI Inc. to incorporate its AI-powered search engine into Snapchat.
CNBC
Pinterest plunges 21%, posts second-worst day ever as tariffs drag on ad revenue
Third-quarter sales in the U.S. and Canada came in at $786 million, missing analyst projections.
CNBC
HubSpot adds Clara Shih, Meta's head of business AI, to board of directors
HubSpot appointed Meta's head of business AI Clara Shih to its board of directors
CNBC
Pinterest plunges 20% after weak results as tariffs drag on ad revenue
Third-quarter sales in the U.S. and Canada came in at $786 million, missing analyst projections.
Bloomberg
Singapore Law Gives It More Powers Over TikTok, Facebook Content
Singapore’s parliament passed a law giving authorities more powers to block harmful content on social media platforms, from TikTok to Instagram and Facebook, the city state’s latest move to curb online harms.
Bloomberg
Meta Slumps on AI Spending, Echoing 2022 Metaverse Rout
The huge checks Meta Platforms Inc. is writing to support its artificial intelligence ambitions are reminding some investors of the massive metaverse outlays that crippled the stock just a few years ago.
CNBC
Pinterest shares plummet 20% on earnings miss, weak forecast
Pinterest shares tanked on Tuesday after the company reported third-quarter financial results that missed on earnings per share and provided weak guidance.
CNBC
Pinterest shares plummet 15% on earnings miss, weak forecast
Pinterest shares tanked on Tuesday after the company reported third-quarter financial results that missed on earnings per share and provided weak guidance.
Bloomberg
Pinterest Shares Drop on Weak Holiday-Quarter Sales Forecast
Pinterest Inc. shares plunged the most in more than three years after the company issued a weak revenue forecast, a sign that the search platform’s advertising business may not be growing as quickly as expected despite the upcoming holiday shopping season.
Bloomberg
TikTok Investigated in France Over Content That Promotes Suicide
TikTok is under investigation in France for failing to vet material that promotes suicide on the Chinese video-sharing platform.
Bloomberg
WhatsApp Debuts Apple Watch App With Voice Messages, Other Features
WhatsApp, the popular messaging service owned by Meta Platforms Inc., introduced a standalone Apple Watch app that makes it easier for users to interact with their chats from Apple Inc.’s smartwatch without pulling out an iPhone.